Plan B Agents
Date of Foundation
1905

Plan B Agents

"Revolutionizing Procurement with Plan B Agents"

The Idea origin story

Plan B delivers comprehensive procurement outsourcing solutions with optional end-to-end sourcing services. Our unique model operates free of commission, prioritizing efficiency and transparency. With our financial accomplices, we afford clients generous 90-day net terms along with a potential credit line of up to $1 million, streamlining business operations on all fronts.

The Mission

"Empowering businesses with hassle-free, commission-free procurement outsourcing solutions whilst offering flexible financing terms for steady growth."

Clients

E-commerce brands, corporate buyers and product development teams in selected countries in US, Canada, Europe, Australia and New Zealand

Problems we solve

Client’s problem

Your startup can solve issues like lengthy procurement cycles, over-priced goods due to commissions, lack of adequate financing options and insufficient end-to-end sourcing solutions for businesses.

Confirmation of problem

many buyers face time consuming tasks, constant follow-ups and upfront payments impacting their cash flow.

Solution

"Plan B offers all-in-one procurement and commission-free BPO services. We provide end-to-end sourcing options and partner with financiers for 90-day net terms up to $1M credit."

Our technologies

This solution is based on technologies

Fully managed experienced Procurement outsourcing specialists; global network of vetted suppliers and financing partners

How it works

To become a unicorn startup, follow these steps: 1. Solve a Big Problem: Your startup must address and solve a significant problem that affects many people. The bigger the problem, the larger is the potential market for your solution. 2. Unique Solution: Ensure you have an innovative and unique solution to the problem at hand - one that separates you from your competitors in the marketplace. 3. Scalable Business Model: You need a business model which allows for rapid growth without too much extra cost or resources

Value for the client

Plan B streamlines procurement, boosts cash flow with 90-day net terms, and eliminates tedious buyer tasks for more efficient operations.

Market and strategy

Market size

100000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

1

% of the market

Is our goal in the next 3 years

Team

My name’s

Mike Mao

My key role in the product

CEO

Team size and key members

Consider adding a strategic advisor with industry experience, a talented software developer, an expert in sales and marketing, and a financial analyst to provide budget guidance.

Competitors

Competitors

Apart from existing sourcing agents and B2B platforms that you mentioned, potential competitors can be emerging tech startups in the procurement sector, established consulting firms expanding their services into your space, local agencies or brokers who have extensive networks. New entrants may also come from complementary sectors moving towards procurement outsourcing services.

Our Advantages

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Business model

1. Commission if clients choose end-to-end Sourcing; 2. BPO management fee if clients choose a commission free BPO; 3. Commission from financing partners for amount of invoice financing

Traction

Revolutionize your workflow with Progress Suggest, a dynamic tool that optimizes task efficiency, stimulates productivity and nurtures innovation in real-time. Witness unprecedented growth & elevate the way you do business.

The company is now cash flow positive, poised for consistent growth with sustained profitability.

Metrics

Product metrics Suggest provides robust insights into product performance. Powered by advanced tracking and analytics, it enables benchmarking of sales trends for strategic decision-making & user behaviour analysis to drive profitability and growth.

Our venture has successfully achieved a turnover of $3 million and netted a profit of $500k.

Incorporation

Our company incorporated in

Hong Kong

Key risks

Main risks include clients failing to pay within terms causing cash flow problems, currency fluctuations that impact costs, reputational damage from subpar products sourced by Plan B, and uncertainties or changes in international trade policies.

Investments

$

No

We raised investments

Our Investors

No investors

Rising Investments

$

No funding

Currently, we are raising investments

$

5 million

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

Read

Additional information

MVP